Investor confidence has plunged to its lowest level in nine months and is now bearish amid concerns over Thailand’s worsening pandemic and economic contraction, according to a new survey. Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), said the Investor Confidence Index (ICI) in July, which anticipates market conditions over the […]
Read MoreCambodia drastically downgraded its economic forecast for 2021 to 2.5 per cent from the 4.1 per cent projection announced at the beginning of the year, due to the deteriorating Covid-19 situation. Prime Minister Hun Sen announced the revised prediction on August 1 at the launch of the vaccination campaign for the adolescent group aged 12-17, […]
Read MoreHealthcare and medical equipment stocks are set to remain the biggest beneficiaries of Thailand’s ongoing lockdown, while airlines continue to slump, according to a brokerage. At the end of last month the government extended restrictions for another 14 days, starting from yesterday, and surging Covid-19 cases prompted the SET Index to continue its decline. Mongkol […]
Read MoreNew support measures may lead to a decline of VND20 trillion ($870 million) in State budget revenue. Local businesses are set to enjoy corporate income tax (CIT) cut by 30% for this year, which is expected to help them relieve part of the hardship during the current Covid-19 outbreak. Nguyen Quoc Hung, director of the […]
Read MoreMoody’s Investors Service forecasts a 5-percent credit growth in the Philippines this year but warned that further lockdowns are a key downside risk. Moody’s analyst Joyce Ong said in a virtual briefing on Tuesday that credit growth in the country will likely remain moderated below pre-pandemic levels as businesses postpone expansion plans due to Covid-19 pandemic. “In terms of […]
Read MoreThai exports could fall by as much as 300 billion baht between August and December if the number of industrial factories hit by Covid-19 doubles, according to a key shipping body. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said exporters are concerned about their prospects after Covid-19 infections have spread to at […]
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